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this conversation about entitlements, medicare, social security was not really part of the conversation at the white house. is that true, and are you concerned? >> we join together in making the case in a paid ad and then doing briefs for action. as a group, we said the priorities would be to reform taxes and invest in job creation, and the cuts to medicare, medicaid and social security occurred last summer to the tune of 1.7 trillion dollars. now's the time to imagine how we grow the economy, to help feed the economic recovery, and that growth will help reduce the debt. the conversation with the president was about that bigger frame, and how we think about it. and then imagining the suffering that everybody is seeing all across this country, how can we restore the american middle class if we continue to cut programs that support people staying either in the middle class or not falling from it. >> do you believe some form of entitlement reform has to be part of a "grand bargain," a large down payment of paying down the debt? >> i reject the notion of entitlement. i think these are guaranteed social
? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> welcome back. thousands of protestors are rallying for a sixth day in tahrir square and bigger protests for friday. they continue to demand na egypt's new president revoke the decree issued last thursday giving himself near absolute power. another protestor died today in a clash with police. he's the third person killed
reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion. that is money which it does not now have. so you can see that this is very serious issue. cuts in spending, cuts to medicare. who will make them? it is very serious because what that kind of money outstanding you need some kind of an agreement and fast. the bottom line right now, martha, it is again an impasse. martha: that's a huge number, stuart. it was about 38 trillion just less than a year ago i believe. >> yes. martha: so that number has really ballooned to 42 trillion as stuart shares with us in terms of those numbers. let's go back to the republican side for just a moment because i think there is a discrepancy in terms of the understanding what republicans seem to be agreeing to do. there is difference between raising tax rates which they have said they will not do. so i don't see any ground being ceded on the raising of tax rates for the wealthy but the changing of loopholes that would indeed, would that produce r
? medicare, medicaid carefully, these are chief drivers of our deficit. we made a lot of progress with obama care and there's other spending we have to cut. >> hold on a second. i think we all know what the chief drivers of our deficit are and have been. our projected deficit over the next seven years is driven mostly by the wars in iraq and afghanistan and the bush tax cuts. entitlement programs don't even compete with these costs. plouffe went on to pin the problem largely on republicans who are not flexible on higher tax rates, but he also said this. >> and so where i think the big bottleneck right now is republicans in congress on revenue and how much and where does it come from. democrats are also going to have to step up here and do some tough things. and you know, the notion that somehow that these deficits and our debt are not a threat to our national security and our economic future is something i could not disagree with more strongly, as does the president. there are some, maybe not so much in our party but some commentators on the left that suggest that we shouldn't deal with this
it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one of the two sides had some movement in their position on the tax side of the debate. that side is the republican side. as you heard there from senator lindsey graham, other, and other republican, they are now prepared to a
is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist for "the hill", a.b. stoddard. so what are the folks that you cover there on capitol hill, what are they saying about the prospects here? >> well, in the last 10 days it starts to sound more and more like democrats don't really have a problem with going over the slope or the cliff. they won't really admit that but it seems that they're not working so hard to stop it. you see the white house trying to tell americans that there is going to be such a steep tax increase on the middle class that it could affect consumer spendi
, let's be honest. they mean getting rid of medicare, getting rid of medicaid. >> structural reforms. >> bill: and privatizing social security. >> it was good to hear yesterday jay carney the white house press secretary, i don't know if you were there. taking social security off the table. it's not a problem. it hasn't contributed to the deficit. that's off the table. they're open to medicare. they've been open to changing provider payments which there is a lot of waste there. encouraging pharmacy companies to give medicare and medicaid better rates. those are all positive reforms. those are big savings. so we can take and find savings from the provider side. it is when you go after the beneficiaries that you run into problems but look, you know, romney ran an entire campaign hitting democrats for cutting $716 billion out of medicare. now they turn -- republicans backed that view we shouldn't touch medicare at all. now they turn around and say you have to cut medicare. it is as if the 716 debate we had for mo
security and medicare, make some defense cuts if you have to but we'd rather just see the rich get taxed and the near rich get taxed if we have to do that. >> the numbers do not add up, the left is being fundamentally dishonest. they are saying you don't have to cut social security or medicare or medicaid to get the deficit down, all you've got to do is tax the rich some more. they are recklessly suggesting that we go deeper and deeper and deeper into debt heading towards bankruptcy. the numbers, megyn are stunning. we have an unfunded liability for medicare of $42 trillion. an unfunded liability for social security of $20 trillion. and a further 20 trillion for unfunded pensions for federal employees, that adds up to $86 trillion which are committed to pay in the future and the money we do not have. therefore, you cannot just tax the rich to get rid of the deficit. you simply can't do that. the numbers don't add up. megyn: chris, what do you make of this, the president is now going to go out on what looks like sort of like a campaign stop on friday to pennsylvania. he already had this m
democrats are facing pressure from interest groups who oppose changes to medicare and social security like this one from the aarp. >> some politicians think medicare and social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future of these programs into a last-minute budget teal, we'll all pay the price. >> and there's your potential pressure from the left. gop negotiators have put adjusting the measure of inflation which determines social security benefits back on the table, something the president had agreed to in 2011. majority leader harry reid has ruled that out this time and the number two democrat durbin repeated reid's position on sunday. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things, and i believe we should, now, smaller things, played out over the longer term that gives it solvency. medicare is another story. >> there's still staff level discussions going on. and, by the way, as much as washington gets cau
is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. >>> breaking news from egypt. thousands of protesters gathered in tahrir square. 6:15 at night there, many have been chanting step down in reaction to the decree issue by egypt's new president that grants him absolute power. the sixth straight day of protest after morsi issued his decree last thursday. earlier today, the protest turning violent on a street near tahrir square. at least three protesters have been killed since the weekend. nbc live from cairo. and the crowd in tahrir square has been growing, building over the past hours. explain what we're seeing now. >> reporter: well, behind me, probably tens of thousands of egyptians have gathered, been here since the early hours of the morning. in fact, some have been camped out for the past six days. many songs, chants, slogans reminiscent of two years ago, calling on the same things they did two years ago, which is for the president of e
in medicare that might set off gaps in coverage, senior citizens not getting health care coverage. there you go. they're saying to put everything on the table but when you get in the details that's why they haven't come to a deal because the devil will be in the details, jenna. jenna: maybe they start with a salute and end with a handshake. ed, great to see you report great to see you. jenna: thank you very much. jon: several republican lawmakers are toning down their criticism of u.n. ambassador susan rice and her handling of the deadly attack on the consulate in libya. ambassador rice was under fire for appearances on the television immediately after the attack where she blamed it on the youtube video. many vocal critics, like senator john mccain are turning up the heat on president obama and the state department. >> the problem is the president of the united states in a debate with mitt romney said that he had said it was a terrorist attack. he hadn't. jon: chief intelligence correspondent catherine herridge is live in washington. she has more on all of this. so this shift in focus to the
is sign a grand bargain where they will cut social security, cut medicare, cut programs for the poor. >> but will they actually cut taxes on the rich? not raise them, cut them. they wouldn't do that, will they? you are about to find out. >> republican goes after susan rice. >> absolutely it was wrong. >> here's what i can tell you. the american people got bad information on 15 september. >> some surprising opinions on that. stay right here for that, as well. then a movie about how we got bin laden but did they get classified information? that's a new controversy. >> you think you know the story but hold on to your seat. >> it's a huge controversy. an investigation was begun about you receiving classified material. >> who's guilty, who's innocent? we decide here on the "young turks." also, the man who created pulp fiction, kill bill, inglorious bass starteds on the set today. and republican on republican crime, elbow of the day. go time. [ ♪ theme ♪ ] >> cenk: david pluck is one of the to which advisers for president obama. he's talking about what they're going to do in regards to
cuts as i think you're getting at, you know, cuts to programs like medicare. is that something we could see taking shape here? >> you're talking about getting rid of redundancies. great example, 342 economic development programs that are in the federal government system. let's start cleaning up these redundancies. let's do some of these across the board cuts in discretionary spending. let's make certain that medicare and social security, which are trust funds, not entitlements, they're trust funds, that they meet their obligation to our seniors and near seniors. let's look at how they become long-term sustainable, because right now the liabilities that we have on the books for the federal government, this is something we have got to deal with. and, brooke, you know what, the president is doing is saying, look, let's address a tenth of the problem. let's talk about raising taxes, tax rights, so we can pay for eight or nine days more of federal government spending every year. what i'm saying is let's -- let's address the whole enchilada. >> i understand and i think -- >> we have to do som
they shouldn't do the happy dance just yet. republicans will want payback, as in medicare, medicaid and social security. so for all of you who want tax hikes for the wealthy, what are you willing to give up in return? on social security? raising the retirement age to 70? on medicare, a total revamp is in instead of the government paying your medicare bills, you pay them with help from the government? you tell me. talk back question this morning, what should republicans expect in return for new taxes? facebook.com/carolcnn. facebook.com/carolcnn. your comments later this hour. >>> more republican lawmakers -- well, as i just said, they're willing to break that no new tax pledge. we'll talk about that with our political panel, next. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ gruntin
in the summer and say, don't bring in your healthcare reform stuff, don't bring in your medicare, don't bring in social security, focus exclusively on the question of whether or not you will raise taxes in order to offset these automatic cuts. the white house is trying to portray this as a one-for-one deal that they are going to renegotiate what they already negotiated in august. they say if republicans want less spending cuts on the defense side they better be willing to give up on the tax side and have tax increases. i think they are perfectly willing as it stands now to take it off the cliff and let the taxes go into effect, because if the republicans won't give them what they want on a tax rate increase for top earners they think they will get them later once people are outraged that their taxes went up. megyn: but, to not offer any spending cuts, what would be the republican incentive to agree to raising taxes on the wealthy if they don't get anything in return? >> well, the incentive would be from the president's point of view, is that everybody's taxes will go up anyway and once you ge
know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and whh aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement pla endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare supplement pla
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of entitlement reforms in medicare and social security that senator graham is saying are prerequisite to a deal. >> let me tell you, first, george, and you know this, social security does not add one penny to our debt. not a penny. it's a separate funded operation. and we can do things and i believe we should now, smaller things, played out over the long term that gives its solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. those who say don't touch it, don't change it are ignoring the obvious. we want medicare to be there for today's seniors and tomorrow, as well. we don't want to go to the poll and voucherizing it and we can make meaningful reforms without compromising the integrity of the program, making sure that the beneficiaries are not paying the piece for it except perhaps the high income beneficiaries. that to me is a reasonable approach. let me salute lindsey graham. what he said about revenue in needs to be said on his side of the aisle. we put everything on the table. >> does that include raising the age for medicare eligibility? >> here's my
thing when it comes to entitlement spending. they want cuts, serious cuts in medicare, medicaid. will the liberal base of the democratic party go along with the president if he puts that into the deal? >> probably not. and part of the reason is because the democrats are in such a much more commanding position. you're talking about medicare, medicaid, social security. these are programs that are popular and working. if you look at social security, cbl says this program is solvent until 2038. you have a hard time convincing ordinary people there's some big emergency there. the tax cuts for the wealthy are budget busters. you have a hard time getting ordinary people to understand why we should take a chainsaw to middle class programs that are working, that are popular. to get republicans to do something that right now they're going to have to do anyway once january 1 comes. >> what will the democrats do to bring in the republicans to convince the republicans they're really going to cut spending? >> i think the spending cuts are on the table now with regard to defense. which i think
've meant medicare and medicaid. >> i refer to health care programs and i think the president has long made clear that he is open to discussions about strengthening social security as part of a separate tract. we should address the drivers of the deficit and social security is not currently a driver of the deficit. >> they made that abundant ly clear. when they say entitlement reform it does not include social security and what they define it as. grover norquist is having to defend himself after several prominent senate republicans indicated a willingness to break his famous pledge, arguing republicans who agree to tax hikes just like they did under president bush. >> it is important that the republicans don't have their fingerprints all over the murder weapon, their fingerprints all over a lousy budget deal with tax increases and no real spending, just as happened to republicans in 1990 which cost us the presidency in '92. >> "the wall street journal" defends norquist today writing, quote, the voters are smart enough to know that republicans who focus on mr. norquist are part of the proble
achievements of the past century, social security and medicare, on the chopping block in exchange for that. that shouldn't be in exchange for that, because if we simply do nothing, the republicans lose everything they want. >> such a great point. dan, speaking of republicans not recognizing the new reality, grover norquist has been furiously trying to spin the fact that there are several senators and members of congress who are moving away from his sacred pledge. let's take a listen to a little bit of grover. >> the pledge is not for life, but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than two years or something. no pledge taker has voted for a tax increase. they've had some people discussing impure thoughts on national television. the same thing with other people who are elected because they made that written commitment to the people of their state. >> that sounds like a threat. >> why does he keep making this romantic sexual thing? >> d
, republicans want changes to medicare and medicaid, cuts they say will keep both of them solvent for future generations. in exchange, one possible deal would eliminate deductions for the wealthy, maybe even the very popular mortgage deduction. and while republicans have been more open to revenue, that does not mean tax rate increases. many democrats insist that tax rates for the wealthiest americans absolutely have to go up. but they don't necessarily agree on how much they should rise. let me bring in usa today's washington bureau chief, susan page, and ryan grim. good morning to both of you. >> hey, good morning. >> good morning. >> we've laid out some of the basics there and warren buffett was out this morning talking about taxing the wealthy. he says there should be a minimum tax on millionaires. take a listen. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes, and then they've watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> you kno
within the medicare program, move away from a fee for service system which does lead to higher costs, but we would not take -- we would not simply take those rising costs and put them on the backs of seniors as the republican plan would. >> yes or no, do you support raising the retirement age? >> no, i do not support raising the retirement age. as i said, i think the best approach to dealing with this is to build on the progress that we made in the affordable care act which is already showing signs of slowly bending the cost curve in health care. we need to do more, but we shouldn't do it by simply transferring the risks and costs onto the backs of seniors and that's the very different approach that we have taken from our republican colleagues. >> a growing group of liberal fiscal cliff jumpers if you will as they're being called, they seem to be willing to risk everything, jump off the cliff if social safety nets face deep cuts while tax rates stay low for the wealthy. do you think that is smart politics or could it backfire against democrats? >> i think what the president has said
to raise the retirement age of medicare, might fold parts of medicare into one, so you can get efficiencies. that will be on the table. there's going to be cuts. and i don't think it's a mystery about how big the tax increase is going to be. john boehner says 800 billion, the president puts down a $1.6 trillion marker. doesn't take einstein to figure out you get $1.2 trillion. to me, that's going to be the size of the tax increase. you have warren buffett on later today. i think his op-ed in the "new york times" is one of three live options for how you get there. a flat minimum tax for rich people or some cap on deductions, which i think is going to becoming increasingly appealing to lawmakers as they try to solve this or flat out increasing the rates, which is a non-starter for a lot of republicans. i think you're going to see a slightly higher rate with some kind of cap on deductions or alternative minimum tax for rich people. >> a combination of those two. we've got a lot more to talk about with you. monday night football highlights the eagles showing they don't need michael vick to lose
the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with the democrats. take a listen. >> i get nervous when i hear the president and others continue to talk about quote/unquote, entitlement reform. which is just another cut for medicaid and medicare and social security. >> eric: brian, start with you, today. >> dana: you look surprised. >> brian: i am. yet honored. >> dana: do you think they are closer to a deal? after thanksgiving people get back to work. >> brian: i was encouraged when i pick up the papered president is working with people. but then i pick up the
. the time to choose your medicare coverage begins october 15th and ends december 7th. so call to enroll in a plan that could give you the benefits and stability you're looking for, an aarp medicarecomplete plan insured through unitedhealthcare. what makes it complete? it can combines medicare parts a and b, which is your hospital and doctor coverage with part d prescription drug coverage, and more, all in one simple plan starting at a zero dollar monthly premium -- no more than what you already pay for medicare part b. an aarp medicarecomplete plan offers you benefits like an annual physical, preventive screenings and immunizations for a $0 copay. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. there's more. when you enroll in an aarp medicarecomplete plan insured through unitedhealthcare, your benefits could also include vision and hearing coverage, and prescription drug coverage accepted at pharmacies nationwide. the pharmacy saver program makes prescriptions available for as little at $2 at thousands of pharmacies.
"morning joe." we're brewed by starbucks. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i want to get a big tv for my big family, for the big holiday. we like to watch big games. we got a big spread together... so it's gotta be big. how about the 55-inch lg tv. it's led and has incredible picture quality... that's big... but i got a little budget. with the walmart credit card special financing you can go big this year. that's big time! alright! [ male announcer ] get the season's hottest brands, like an lg 55-inch led tv. make an electronics purchase of $429 or more on your walmart credit card and get no interest if paid in full within 18 months. america's gift headquarters. walmart. inspiration. great power. iconic design. exhilarating perf
're eligible for medicare... now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automaticall
dick durbin says medicare and medicaid are fair game in deficit negotiations, but insist social security should be left alone. >> social security does not add one penny to our debt, not a penny. it's a separate funded operation, and we can do things, and i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing willingness for reform -- >> can we talk about that for a second? >> i don't want to repeat what you said. >> it's bull hockey. >> that's not what you said. >> this whole thing has been a complete farce for years. there's no trust fund. they raided that a long time ago. but the bigger point, i will because you know what? my heart has grown like the grinch's since thanksgiving. i have so much to be thankful for. >> it's been growing ever since election day, basically. >> so i'm going to be kind. first of all, senator durbin deserves respect on this front because he
. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. ♪ reme
emboldened. they want to see taxes go up on the rich. they want to protect programs like medicare and medicaid. will they give president obama room to negotiate some kind of deal that gets through this hell coming january 1st. they say they won, the other side lost, they're going to fight. >>> plus democrats are moving to end the so-called silent filibuster which republicans have used to quietly say if you don't have 60 votes, you ain't going nowhere. this is the big question, if they're successful, it's possible, it's possible the democrats will be able to get some things done. we'll talk about that in a minute. they're going to be just like jimmy stewart finally. they're going to force them to actually filibuster like they did in "mr. smith goes to washington." anytime they really want to shut down the senate. >>> and the democrats considered least likely to win back her senate seat beats the odds, and i think thanks to todd akin, and is back for a second term. our friend, the great claire mccaskill, joins us tonight, the senator from missouri. >>> what's the first sound you hea
and not touch medicare or medicaid? it is all part of the deal. >> gretchen: once you get people back to the table. it is it like a marriage, marriages don't work when one party said i will not budge on anything. >> brian: i hope my wife is listening. >> steve: we are in the let's make a deal stage. both sides want to appear flexibility when it comes to doing something. we aapparently the president of the united states. the week after thanksgiving nothing is scheduled. but we understand that the top aides are working together to do something. who is leading the charge for the white house? tim geithner. it is interesting, in the beginning, during the confirmation it was revealed he did not file taxes properly and people say is he qualified to be the treasury of the secretary. according to the wall street journal. they work with him and like him. and jack lu who did it last time blew it. >> gretchen: why not have bowles-simpson come back. why do we spend more time. rephrase that. why are we wasting more time trying to come together on a deal when the bowles-simpson. >> brian: they didn'
't want deep cuts to programs like medicaid, medicare, social security. some republicans say it's the only way to get a deal. >> the reason we're having these negotiations is because washington democrats have spent money without any care for the cost or the future. and refuse to do anything to protect long-term spending programs like medicare, a failure that's among the biggest single drivers of our debt. >> one out of three people in this country are going to rely on medicare and head cade for their health insurance. so we need to find ways to preserve these programs. >> senator durbin says the debate over entitlement programs should be fought after the new year. he's going to join us in a few minutes to talk about it. >>> police on new york's long island investigating a deadly bus crash, a 6-year-old boy was killed last night when the driver of that bus lost control and went barreling into the front bedroom of the boy's home. police say the bus driver swerved to avoid hitting a pedestrian. 11 people on board the bus suffered minor injuries. the boy's 7-year-old briere was hurt but not se
with just two pills. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> it would appear mitt romney has moved on from the election, the 47% and his post-election comments to donors about gifts the president handed out to voters. here he is at disneyland looking like the terminator. for him the election is truly over. for his republican counterparts, here's speaker boehner on an editorial on the fiscal cliff. he makes it very clear that the battle over obama care is far from over. he says, quote, the tactics of our repeal efforts will have to change. we need to repeal obama care and enact common sense, step by step reforms that start with lowering the cost of health care. clearly speaker boehner hasn't quite ac
and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. gregg: ambassador susan rice now breaking her silence and defending her controversial comments on the benghazi terror attacks. republicans claim susan rice either wittingly or unwittingly misled americans days after the raid when she claimed the assault grew out of a spontaneous protest related to a youtube video. well, stephen hayes joins us now to talk about it, senior writer at the weekly standard and a fox news contributor. steve, happy black friday to you. [laughter] >> morning, gregg. gregg: hey, listen, rice claims she relayed solely and squarely
: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no date set in stone for the next meeting among the principle negotiate othe timing will depend on the progress of staff member, in the next few days. but we should not be surprised if they get together, sthiem week. shannon. >> shannon: we wish them much luck. thank you. our worst-case scenario, th
alteration and the eligibility age for medicare. now, this is budget talk. but one of the things that has been negotiated is gradually increasing the age to 67. that would save around $250 billion over ten years, so that's a significant concession. >> although gradually is a problem. this is like you know, the french. they take ten years. you've got to do it right away. >> that's there and there's the political reality. you know the old washington joke. a billion here, a billion there, then you're talking money. >> what about social security? >> talk about changing the benefit formula. change cpi. basically, what folks say is this could be a more accurate measure of inflation and if you put that in place, you could save $223 billion. if you raise the retirement age to 69 by 2075, it would affect toddlers today, no one else. >> you know what, toddlers, i'm going to move it to 59 today. >> this has democrats willing to take on their own special interests. it's a sense of where the argument could go. and neither democrats nor republicans want to be the ones to raise it. they're going to have
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're not going to touchdown social security, maybe medicare, medicaid, but not social security and republicans will say, wait a minute, you're not serious. we're giving ground on revenue, you got to give ground on spending. and, brooke, i think the biggest thing here is that this bill, if they get a bill, is going to be so unpopular because it is going to raise taxes and it is going to cut benefits and getting the votes to pass this is going to be enormously difficult. >> you bring up the benefits issue. let me run through this, because it brings us back to the possibility of no deal whatsoever. again, on the automatic tax increases come january 1. we're talking about a lot of stuff here. the bush era tax cuts expire. as does the president's so-called payroll tax holiday on social security deductions, follow along with me, the so-called marriage penalty returns full force, you also have extended unemployment set to expire here. and the child tax credit drops by half. capital gains go up. bob, today, you know, the white house is warning that this could have a crushing impact on the u.s. economy
in medicare, cuts in medicaid, some reforms that would effectively result in some cuts in the rate of growth, if you will. but what i hear you saying is that you're ready for increased tax revenue but not through raising the tax rate for the upper income, for the highest income bracket? >> what you find is when you raise rates like most economists will tell you, you harm the economy. two years ago when the democrats controlled all, we were at the same place. >> if you raise rates to 39.6% for those families earning more than $250,000 a year, those families and those small businesses did quite well during the years of the clinton administration when the rate was 39.6%. why not go back to that? >> the economy was stronger then. president obama who had nancy pelosi as speaker two years ago said don't raise the rates in a down economy. it hurts it. >> the economy's a little stronger now than it was two years ago. >> i don't know if you've been out there in the economy -- you see a lot of people underemployed, half of college students coming out, a lot of them can't find jobs. we're at our lowest
if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitlement programs before they bankrupt the company. some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want, but if president reagan and speaker o'neill could get a deal, president obama and speaker boehner should as well. >> harris: let's hope that's true. thank you. right now, a child missing, city on edge and volunteers going door-to-door to try to find young dylan. also, no longer a mysteries, but an official cause. we now know why a strip club blew up and more than 40 buildings and homes including a day care center were heavily damaged. debris for blocks. and we'll check with the firef
. you need structure readjustment with the entitlements, also, with social security, medicare, medicaid, also, and, also, the tax reform. the republicans have talked about revenue coming in from growth jobs and getting the economy going. when you get the economy going, you get more money coming into the irs and treasury/ when more americans are at work, they are paying. i don't believe it -- it is , woodymr. norquist said, it is a pledge to the people. some of those senators wanting to raise -- wanting not to raise taxes, that pledge, they knew what would happen to them, they would get run out of state. first i want to see president obama's cards on the table. host: jerry is up next in st. charles, missouri. good morning. caller: one of the things i would like to talk about is the waste in government. i see it continuously in ads on. on a completely off as far as a meter for your diabetes. they say it is free. you have to watch the price. the waste in government has been going on a longtime. why did they not attack it the last 20 years? the waste has been there forever. god bless repres
. medicare, medicaid, perhaps we could have some meaningful entitlement reform. that's the good news, that there seems to be this idea that we can work out a big partisan deal. we both know taxes going up. entitlement, benefits going down. however, when we get into the bad news is that while this is all fine and dandy coming out of the cincinnati, toure. the real negotiations are going to happen between president obama and house speaker john boehner. it's a lot different animal than the senate gop conference. so that's the sort of bad news. while we hear a lot of this going forward and it seems to be pos tish, when you get down to the nitty-gritty and aides and those chose to president obama, there's not been a lot of movement on the taxive of what to do. republicans don't want to touch that. democrats want that. they feel they have a mandate from the election. that is the issue we said is going to be the linchpin for the last three months. it continues to be there. there is no movement on that. and until there's movement on how to come up with that type of revenue, 250 and above, we
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